BARACK OBAMA TO OVERHAUL BANK PAY May 13, 2009 Angela Knight, chief executive of the British Bankers’ Association, said regulation should be looked at globally.
The shape of things to come August 14, 2008 Government rules on green homes mean that eco-houses are coming. It’s time to get used to the idea, says Alex Delmar-Morgan Nobody denies that if the world heats up, we will have to change the way we live, build and get around. As recently as five years ago, phrases like “global warming” and “carbon emissions” [...]
MPC decision on knife edge August 4, 2008 The Bank of England Monetary Policy Committee’s (MPC) decision on interest rates on Thursday will be a close call according to leading analysts who believe a hike is possible. The nine-member committee, which has left rates on hold at 5 per cent for the past three months, was split three ways in July with the [...]
Buying property on a golf course can be an above par investment July 31, 2008 Look to the States or Morocco for a sporting second home, writes Alex Delmar-Morgan As the Open Championship at Royal Birkdale reached its nail-biting conclusion recently, with Irishman Padraig Harrington pipping veteran Aussie Greg Norman to win the claret jug, many around the country were surely visualising themselves ambling round a gold-course, driver in hand, [...]
Crispin Davis set to retire as Reed CEO July 14, 2008 Publishing giant Reed Elsevier has begun searching for a successor to replace chief executive Sir Crispin Davis –one of the longest serving FTSE 100 bosses– when he steps down next year. Headhunter Anna Mann has been recruited to find a replacement from a mix of both internal and external candidates. Davis, who turns 60 this [...]
B&B drama caps another day of troubles for UK Plc July 4, 2008 A day of gloom for the global economy was capped late last night by the revelation that private equity group TPG had walked away from its rescue of Bradford & Bingley. The dramatic development, which will see the bank rescued instead by City institutions, came as Moody’s downgraded B&B’s credit for the second time. The [...]
Tom Hunter in court November 2, 2005 Newly-knighted Scottish venture capitalist Tom Hunter will be accused of acting in bad faith in the High Court this morning by his former partners in the Gadget Shop, highly-successful UBS trader John Woods and Freeserve founder Peter Wilkinson. Hunter and his sidekick Chris Gorman could end up paying out as much as £150m in damages [...]
Hopes for rate cut dashed as house prices begin recovery November 2, 2005 The odds on the Bank of England cutting interest rates for the second time in four months lengthened yesterday after the release of a raft of better than expected economic data. The latest snapshot of the housing market by leading lender Nationwide showed prices jumped 1.3 per cent, the fastest rate in 15 months, bringing [...]
Refco: who else was to blame? October 18, 2005 Embattled American hedge fund Refco has widened its investigation into who was at fault for the $430m (£243m) black hole in its books. In addition to the suspended former CEO Phillip Bennett and implicated senior executive Santo Maggio, the fund is believed to be looking at workers in data entry or finance departments who may [...]
What’s outside your window? October 13, 2005 The price of property is soaring in Thailand despite laws preventing foreigners owning land. Since the Asian tsunami struck on 26 December last year, the number of tourists visiting Thailand has fallen dramatically. About a year ago, 192 holiday flights landed at Phuket airport every week – last week that figure was only 35. Hotels [...]